Budget Performance Peport Genie in a Botte Compamy (GBC) manufactures plastic two-liter bottes for the beverage industry. The cost standards per 100 two-liter bottles are as follows: At the beginning of July, GBC management planned to produce 670,000 bottles. The actual number of bottes produced for July was 723,600 bottes. The actual costs for July of the current year were as follows: Enter all amounts as positive numbers. a. Prenara the lidy manufacturien standardient buifoe (ditect labor direst materials and factory nuerheadd for weS Enter all amounts as positive numbers. a. Prepare the July manufacturing standard cost budget (direct labor, direct materials, and factory overhead) for WBC. assuming planned production. b. Prepare a budget performance report for manufacturing costs, showing the total cost variances for direct materials, direct labor, and factory overhead for July, Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Round your answers to two decimal places. b. Prepare a budget performance report for manufacturing costs, showing the total cost variances for direct materials, direct labor, and factory overhead for July. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Round your answers to two decimal places. The Company's actual costs were than budgeted. direct labor and direct material variances more than offset a small factory overhead cost variance. Budget Performance Peport Genie in a Botte Compamy (GBC) manufactures plastic two-liter bottes for the beverage industry. The cost standards per 100 two-liter bottles are as follows: At the beginning of July, GBC management planned to produce 670,000 bottles. The actual number of bottes produced for July was 723,600 bottes. The actual costs for July of the current year were as follows: Enter all amounts as positive numbers. a. Prenara the lidy manufacturien standardient buifoe (ditect labor direst materials and factory nuerheadd for weS Enter all amounts as positive numbers. a. Prepare the July manufacturing standard cost budget (direct labor, direct materials, and factory overhead) for WBC. assuming planned production. b. Prepare a budget performance report for manufacturing costs, showing the total cost variances for direct materials, direct labor, and factory overhead for July, Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Round your answers to two decimal places. b. Prepare a budget performance report for manufacturing costs, showing the total cost variances for direct materials, direct labor, and factory overhead for July. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Round your answers to two decimal places. The Company's actual costs were than budgeted. direct labor and direct material variances more than offset a small factory overhead cost variance